Archive · 3 Jun 2025
Victoria’s Secret Delays Earnings After Cyber Security Breach
Victoria's Secret is dealing with a computer problem, like a break-in.
Someone got into their systems, which caused the company to shut down its website for a few days.
This makes it hard for employees to see the information needed for their financial report.
Because of this, they have had to delay reporting their earnings for the first three months of the year, even though they did report their sales and profits from before the attack.
Experts are warning customers to be careful because of potential scams.
Other companies have faced similar issues recently.
Victoria's Secret delayed its first-quarter earnings release due to a cybersecurity breach.
The breach disrupted corporate operations, including the US retail website.
The company detected the security incident on May 24 and shut down the website on May 26.
Victoria's Secret expects Q1 net sales of $1.35 billion and adjusted operating income of $32 million.
The company is assessing the full scope of the incident and potential financial impacts.
- Who
- Victoria's Secret
- What
- Cybersecurity breach caused operational disruption and delayed financial reporting.
- When
- Incident detected May 24, website shut down May 26.
- Where
- US, corporate systems
- Why
- To contain the breach and assess its scope.
- Security Incident Detected
- May 24, 2024
- US Website Shut Down
- May 26, 2024
- Expected Net Sales (Q1)
- $1.35 billion
- Adjusted Operating Income (Q1)
- $32 million